CSL Announces ex gratia payment of Rs 10 lakhs for the families of the five Deceased

Five people were killed and 7 injured today, in an
unfortunate fire incident onboard Sagar Bhushan , an oil rig of ONGC,
undergoing repairs at Cochin Shipyard.

The Chairman and Managing Director of Cochin Shipyard has
announced an immediate ex gratia of Rs 10 lakhs for the families of the
deceased. All treatment expenses of the injured will be met by the company as
per its existing policies, according to an official release from the Ministry
of Shipping.

The Ship Sagar Bhushan was drydocked on 12 January 2018
and it was to be undocked on 28th Feb 2018. The
work completion was scheduled by 07th April 2018.

On receiving the information of a gas leakage the AC compartment
area of the ship undergoing repair in the drydock No 1, CSL plunged into immediate
action passing instruction to stop all hot work; however, the explosion had
already occurred.

Fire tenders rushed to the ship immediately, along with ambulance.
Firemen onboard the ship and the fire tender that reached the spot after the
blast worked together to extinguish the fire.

CSL has assured it places Health, Safety and Environment
(HSE) as one of its core values in operations. In order to strengthen the HSE
awareness levels among the workforce briefings are given, HSE alerts are issued
and it is made part of the tools box talks. HSE performance in CSL has been
consistently good.